Comments on: Don’t Become a Personal Finance Bully http://frugaldad.com/2010/04/16/talking-to-friends-about-money/ Promotional Codes, Coupons & Deals + Money Saving Insights Sat, 26 May 2012 00:58:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Weekly Favorites and Gratitude! «Budgeting In the Fun Stuff http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-42316 Weekly Favorites and Gratitude! «Budgeting In the Fun Stuff Tue, 08 Jun 2010 20:12:48 +0000 http://frugaldad.com/?p=5219#comment-42316 [...] Dad with the guest post from Money Relationship Don’t Become a Personal Finance Bully Good advice if you’re having trouble keeping your mouth shut around people who handle money [...] [...] Dad with the guest post from Money Relationship Don’t Become a Personal Finance Bully Good advice if you’re having trouble keeping your mouth shut around people who handle money [...]

]]> By: Patti http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-41010 Patti Wed, 05 May 2010 16:20:36 +0000 http://frugaldad.com/?p=5219#comment-41010 I started hinting to my younger sister that she should be more serious about her personal finance. She used to be the saver in the family and now she's the spendthrift. She'll be graduating in a year and I'm sure she'll be in shock when she finds out how much she owes in student loans. I know I sure did. I want to help my mom but when I bring up any subject about money she gets defensive. I really want to help her pay down her credit card debt and save more. I started helping her pay off some of her cc debt and it seems never ending. I come from a family of spenders and it's really hard to be the only saver right now. Thanks for sharing your post! I started hinting to my younger sister that she should be more serious about her personal finance. She used to be the saver in the family and now she’s the spendthrift. She’ll be graduating in a year and I’m sure she’ll be in shock when she finds out how much she owes in student loans. I know I sure did.

I want to help my mom but when I bring up any subject about money she gets defensive. I really want to help her pay down her credit card debt and save more. I started helping her pay off some of her cc debt and it seems never ending. I come from a family of spenders and it’s really hard to be the only saver right now.

Thanks for sharing your post!

]]> By: Aury (Thunderdrake) http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40978 Aury (Thunderdrake) Tue, 04 May 2010 23:03:25 +0000 http://frugaldad.com/?p=5219#comment-40978 Teaching finance is a tricky thing. I was fortunate to be born with a financially literate, long term kind of mindset when it comes to building wealth. Most people absolutely baffle me because of it. Is it because people see me as a kingpin of finance? Or is it because many are weak in it? I never really saw myself as anything spectacular when it comes to finances, but it would be rude of me to assume the latter. What I DO know is that you can't teach intrusively. As much as I dread people's habits and want to correct them, I realize that intrusively lecturing is about as effective as a one legged man in a rump kicking contest. It is only when they seek to further themselves that it works. Another thing I've learned about money is that, for people who are financially illiterate, it takes a rather emotional shifting of mental paradigms. I don't think there's anything out there that drives our feelings more than money does. To truly get people into financial wisdom, it usually takes that emotional epiphany, be it through deliberate learning, or a sudden experience. I got mine young via the former. Lastly, I try to evade the financially illiterate who refuse to change. Like the intrusive point, live and let broke if that's the way they want it. But in the mean time, those of us who wish to further ourselves, should be around each other who want to do just that. There is so much more for me to learn in this subject.. I appreciate the post, Adam! Teaching finance is a tricky thing. I was fortunate to be born with a financially literate, long term kind of mindset when it comes to building wealth. Most people absolutely baffle me because of it. Is it because people see me as a kingpin of finance? Or is it because many are weak in it? I never really saw myself as anything spectacular when it comes to finances, but it would be rude of me to assume the latter.

What I DO know is that you can’t teach intrusively. As much as I dread people’s habits and want to correct them, I realize that intrusively lecturing is about as effective as a one legged man in a rump kicking contest. It is only when they seek to further themselves that it works.

Another thing I’ve learned about money is that, for people who are financially illiterate, it takes a rather emotional shifting of mental paradigms. I don’t think there’s anything out there that drives our feelings more than money does. To truly get people into financial wisdom, it usually takes that emotional epiphany, be it through deliberate learning, or a sudden experience. I got mine young via the former.

Lastly, I try to evade the financially illiterate who refuse to change. Like the intrusive point, live and let broke if that’s the way they want it. But in the mean time, those of us who wish to further ourselves, should be around each other who want to do just that.

There is so much more for me to learn in this subject.. I appreciate the post, Adam!

]]> By: C.H. http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40753 C.H. Wed, 28 Apr 2010 02:30:24 +0000 http://frugaldad.com/?p=5219#comment-40753 In my experience, no amount of sound financial advice can correct a behavioral problem. Spending too much and saving too little is definitely a behavioral problem that often originates early in life. Set a good financial example for your children and explain the difference between "needs" and "wants." As parents, we all want what's best for our children, but sometimes saying no can pay dividends in the future. In my experience, no amount of sound financial advice can correct a behavioral problem. Spending too much and saving too little is definitely a behavioral problem that often originates early in life.

Set a good financial example for your children and explain the difference between “needs” and “wants.” As parents, we all want what’s best for our children, but sometimes saying no can pay dividends in the future.

]]> By: Simon http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40628 Simon Mon, 26 Apr 2010 04:00:09 +0000 http://frugaldad.com/?p=5219#comment-40628 Yeah, blunt isn't a good tactic. I did have a friend whose wife racked up an insane amount of credit card debt. I advised him to a. pay if off ASAP because the revolving interest fees would way outweigh the loss of interest income and b. have her get some counseling to delve into why this happened (it's not like they had luxury cars, designer clothes and the latest, greatest gadgets--most of the spending was on @#$% like Happy Meals and Beanie Babies and beer...). He did neither and a couple of years later, the same problem (only worse) reared its ugly head again. Yeah, blunt isn’t a good tactic. I did have a friend whose wife racked up an insane amount of credit card debt. I advised him to a. pay if off ASAP because the revolving interest fees would way outweigh the loss of interest income and b. have her get some counseling to delve into why this happened (it’s not like they had luxury cars, designer clothes and the latest, greatest gadgets–most of the spending was on @#$% like Happy Meals and Beanie Babies and beer…).

He did neither and a couple of years later, the same problem (only worse) reared its ugly head again.

]]> By: James http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40370 James Mon, 19 Apr 2010 18:26:41 +0000 http://frugaldad.com/?p=5219#comment-40370 i agree, people even in the most dire situations only want help when they are ready to ask for it personally. this can be very hard to deal with especially when its a friend or a loved one, but if you have specific examples this can go a long way towards helping them achieve financial success. i agree, people even in the most dire situations only want help when they are ready to ask for it personally.

this can be very hard to deal with especially when its a friend or a loved one, but if you have specific examples this can go a long way towards helping them achieve financial success.

]]> By: Joel http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40333 Joel Mon, 19 Apr 2010 03:19:16 +0000 http://frugaldad.com/?p=5219#comment-40333 Best way to get your point across is to live it! Joel http://www.financetips101.com Best way to get your point across is to live it!

Joel
http://www.financetips101.com

]]> By: Kika http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40317 Kika Sun, 18 Apr 2010 20:43:08 +0000 http://frugaldad.com/?p=5219#comment-40317 I love talking finances so I have to be careful not to bore people in general. In relationship, there are times when I have an opportunity to share about our choices and at least once someone wanted more information and help. Honestly, though, our lifestyle doesn't appeal to many. Many of my siblings prefer to stress over money but continue to buy on credit and generally overspend. We are content with our decision to live within our means, save and give to others but it does mean that much of what we own is second-hand and that we need to spend carefully. In the long run, though, I believe that we lead by example and if anyone wants advice we'd love to offer what we can. I love talking finances so I have to be careful not to bore people in general. In relationship, there are times when I have an opportunity to share about our choices and at least once someone wanted more information and help. Honestly, though, our lifestyle doesn’t appeal to many. Many of my siblings prefer to stress over money but continue to buy on credit and generally overspend. We are content with our decision to live within our means, save and give to others but it does mean that much of what we own is second-hand and that we need to spend carefully. In the long run, though, I believe that we lead by example and if anyone wants advice we’d love to offer what we can.

]]> By: Mayet http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40313 Mayet Sun, 18 Apr 2010 16:57:25 +0000 http://frugaldad.com/?p=5219#comment-40313 Members of my family are still learning how to manage their finances, it's a slow process but I try to send them articles about finances, etc and of course as they visit my blog they can see that Frugal Dad is on my side bar :-) I have yet to be financially independent but I am living in a simple and frugal manner. Members of my family are still learning how to manage their finances, it’s a slow process but I try to send them articles about finances, etc and of course as they visit my blog they can see that Frugal Dad is on my side bar :-)
I have yet to be financially independent but I am living in a simple and frugal manner.

]]> By: Forest http://frugaldad.com/2010/04/16/talking-to-friends-about-money/#comment-40247 Forest Sat, 17 Apr 2010 11:43:21 +0000 http://frugaldad.com/?p=5219#comment-40247 Ha ha, I like the having a book hanging around tip! Personally I know what it's like to want to ignore people who are ramming things down your throat... Subtle thoughtful advice from friends always works better. Ha ha, I like the having a book hanging around tip! Personally I know what it’s like to want to ignore people who are ramming things down your throat… Subtle thoughtful advice from friends always works better.

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